Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington Sells 27,500 Shares

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Amazon.com Trading Down 0.7 %

NASDAQ:AMZN traded down $1.69 during trading hours on Friday, hitting $228.68. The stock had a trading volume of 26,962,132 shares, compared to its average volume of 33,645,924. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. The business's 50 day moving average is $228.21 and its 200-day moving average is $202.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMZN. Fiera Capital Corp boosted its holdings in Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant's stock worth $77,515,000 after purchasing an additional 44,615 shares during the last quarter. American Planning Services Inc. boosted its holdings in Amazon.com by 355.4% during the second quarter. American Planning Services Inc. now owns 17,010 shares of the e-commerce giant's stock worth $3,287,000 after purchasing an additional 13,275 shares during the last quarter. Menard Financial Group LLC boosted its holdings in Amazon.com by 24.8% during the second quarter. Menard Financial Group LLC now owns 27,857 shares of the e-commerce giant's stock worth $5,383,000 after purchasing an additional 5,542 shares during the last quarter. Citizens Financial Group Inc. RI boosted its holdings in Amazon.com by 82.0% during the second quarter. Citizens Financial Group Inc. RI now owns 407,143 shares of the e-commerce giant's stock worth $78,680,000 after purchasing an additional 183,413 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. boosted its holdings in Amazon.com by 968.0% during the second quarter. City of London Investment Management Co. Ltd. now owns 45,015 shares of the e-commerce giant's stock worth $8,699,000 after purchasing an additional 40,800 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMZN shares. Wedbush reissued an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Moffett Nathanson increased their price objective on Amazon.com from $235.00 to $248.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Rosenblatt Securities raised their target price on Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Maxim Group raised their target price on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Oppenheimer raised their target price on Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $260.74.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.